Man Group Price Target Cut to GBX 70 (EMG)
Research analysts at Berenberg Bank reduced their price target on shares of Man Group (LON:EMG) from GBX 80 ($1.32) to GBX 70 ($1.15) in a report released on Friday, AmericanBankingNews.com reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price target points to a potential downside of 14.32% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Man Group in a research note to investors on Friday, January 24th. They now have a GBX 88 ($1.45) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Man Group in a research note to investors on Monday, January 20th. They now have a GBX 107 ($1.76) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Man Group to an “underweight” rating in a research note to investors on Friday, January 10th. They now have a GBX 86 ($1.42) price target on the stock, down previously from GBX 102 ($1.68). Eight analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 93.76 ($1.54).
Man Group plc is the holding company for the Man group of companies and affiliated entities (LON:EMG).
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